Financial AnalystOctopus Energy

London, U 16-02-2024
Do you love analysing and getting value from data? Do you also have experience and an understanding of finance and accounting? If you’re a “strong yes” to both of those questions then you’ll love this role……

Octopus Energy Group is now the largest supplier of electricity to UK householders, with over 7.5 million customers worldwide and a multi-billion pound turnover. Our Gross Margin team delivers value to the business through reporting, assurance and bespoke analysis relating to the gross profit margin section of the retail P&L, using incredibly granular data and superb tooling. You’ll be playing an important role here in our supportive team of data analysts, accountants and data engineers, working particularly closely with another Financial Analyst already in post.

This is a hybrid role based out of our London office. We would like you to spend at least 2 days a week in the office so that you can build relationships and collaborate with colleagues across the business, although we can have conversations around flexibility here.

The more of the below skills you have the higher the probability that you’ll be a good fit for this role. Our perfect person would meet a minimum standard in all of these areas… but we place an equally high value on an ability to pick up new skills and knowledge … and nobody (least of all us) is perfect!

Desirable Skills

    • Can code in SQL / Python / another programming language
    • Have an accounting or finance qualification eg from ACA / ACCA / CIMA / AAT or equivalent experience
    • Enjoy solving complex problemsEnjoy taking responsibility for an area
    • Can summarise findings and communicate in a clear and targeted manne
    • rHave 3 to 5 years experience in related roles
    • Like to learn about new and complicated areas
    • Enjoy constantly streamlining and introducing new processes
    • Have Energy Industry knowledge
    • Can present to senior management

What you'll do

    • Variance analysis and problem solving for UK retail month-end reporting (with the other Financial Analyst), with specific focus on improving SME revenue and cost of sales accuracy
    • Working with the other Financial Analyst, take ownership of reporting and modelling of the industry costs we incur
    • Develop reporting tools to reduce metering costs and improve accounting accuracy (with the Metering and Data teams)
    • Use our data to add new analysis and insight, including projects such as:Improve cashflow modelling by building out our cost accrual process
    • Automate purchase invoice checks and authorisation, also by building out our cost accrual processIdentify margin opportunities and trends in our data using granular cohort analysis
    • Analyse forecast margin versus outturn margin to enhance pricing competitiveness
    • Improve accuracy of gross margin calculations as needed (with the rest of the team)
    • Lead meetings with colleagues and possibly senior management
    • Work closely with financial auditors, particularly during Year End
    • Purchase invoice checks and authorisation
    • Submit returns to Ofgem and DESNZ
    • Please answer the short additional questions as well as attaching your CV in order to progress to the interview stages for this role.

Why else you'll love it here

    • Wondering what the salary for this role is? Just ask us! On a call with one of our recruiters it's something we always cover as we genuinely want to match your experience with the correct salary. The reason why we don't advertise is because we honestly have a degree of flexibility and would never want salary to be a reason why someone doesn't apply to Octopus - what's more important to us is finding the right octofit!
    • Octopus Energy is a unique culture. An organisation where people learn, decide, and build quicker. Where people work with autonomy, alongside a wide range of amazing co-owners, on projects that break new ground. We want your hard work to be rewarded with perks you actually care about! We won best company to work for in 2022, on Glassdoor we were voted 50 best places to work in 2022 and our Group CEO, Greg has recorded a podcast about our culture and how we empower our people. We’ve also been placed in the top 10 companies for senior leadership
    • Visit our UK perks hub - Octopus Employee Benefits

Applications are now closed